OPEC GuideA Platts.com News Feature

OPEC production estimates

December 16, 2015 - OPEC monitors its own crude production using so-called secondary sources, including the media. Platts publishes monthly estimates of OPEC production, based on a survey of OPEC and oil industry officials, on a country-by-country basis.

OPEC sets a production target for twelve of its 13 members. Iraq, which is struggling to rebuild its oil industry after years of UN sanctions and a war led by the US, does not have a production quota.

All figures are in millions of barrels per day.

Country

Nov. '15

Change

Oct. '15

Sept. '15

Aug. '15

Algeria

1.11

0

1.11

1.11

1.11

Angola

1.80

0.02

1.78

1.80

1.78

Ecuador

0.54

0

0.54

0.54

0.54

Iran

2.88

0

2.88

2.88

2.87

Iraq*

3.75

0.10

3.65

3.72

3.72

Kuwait

2.75

0

2.75

2.75

2.75

Libya

0.38

-0.04

0.42

0.37

0.36

Nigeria

1.90

-0.05

1.95

1.87

1.85

Qatar

0.66

0

0.66

0.66

0.66

Saudi Arabia

10.15

0.05

10.10

10.26

10.40

UAE

2.90

0

2.90

2.90

2.88

Venezuela

2.35

0.01

2.34

2.34

2.34

Total

31.17

0.09

31.08

31.20

31.26

* The estimate for Iraq includes volumes exported by Kurdistan under the agreement between Baghdad and Erbil to deliver 250,000 b/d of Kurdish exports on behalf of Iraqi state oil marketer SOMO at Ceyhan.

OPEC's 30 million b/d ceiling has been in place since January 2012. It does not include individual country quotas.